Wyoming

IEEFA Research

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

IEEFA U.S. Coal Outlook 2017: Short-Term Gains Muted by Prevailing Weaknesses in Fundamentals

Production Declining by as Much as 40 Million Tons; Prices Failing to Benefit Shareholders or Stimulate New Investment; Anemic Exports; Little or No Gain From Regulatory Relief; Increasingly Dim Employment Prospects

We’re out this morning with our annual outlook for U.S. coal markets, and the picture isn’t pretty. We see the potential for some short-lived strength in the current uptick for coal producers but the title of our assessment sums up the larger view: “Short-Term Gains Will Be Muted by Prevailing Weaknesses in Fundamentals.” You can […]

As Texas Coal-Fired Power Plants Close, Powder River Basin Mines Are Losing Their Largest Customers

Trends Will Force Closures and Complicate Efforts by Alpha Natural Resources, Arch Coal and Peabody Energy to Work Their Way Out of Bankruptcy

CLEVELAND, Aug. 3, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report detailing how Powder River Basin coal producers are losing their largest customers as Texas power producers turn increasingly to other sources of energy. The report, “Texas’ Outsize Role in the Decline of the Powder River Basin Coal […]

August 2, 2016 Read More →
The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

The Federal Government’s Coal-Leasing Program Is Broken: Here’s How to Fix It

Appoint a Price-Setting Commission; Ban Exports; Cancel Some Leases; Eliminate Self-Bonding; Mandate Set-Asides for Mine Clean-up and Miner Pensions; Require Twice-a-Year Audits; Assume Smaller Markets

It’s time for the U.S. to modernize how it manages its publicly owned coal reserves. That’s the essence of comments we’ve filed today with the Department of the Interior as it begins a review of its federal coal-leasing program in the Powder River Basin, a program that has been mismanaged for years at taxpayer expense […]

As the BLM Begins Coal-Lease ‘Listening Sessions,’ a Few Hard Truths Must Be Heard

As the BLM Begins Coal-Lease ‘Listening Sessions,’ a Few Hard Truths Must Be Heard

Ban Coal Exports From the Powder River Basin, for Starters, and Impose a Moratorium on Taxpayer-Subsidized Leases

U.S. taxpayers own the largest remaining domestic coal reserves in the country, valuable resources that sit in the Powder River Basin of Montana and Wyoming and that are vital to the energy security of our country. The federal government, sad to say, has been an almost pathologically passive overseer of these resources (read more about […]

August 11, 2015 Read More →
Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024

COAL SOLD FOR EXPORT SHOULD NOT BE EXEMPT FROM FEDERAL ROYALTY PAYMENTS

Comments on Proposed Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform, ONRR-2012-0004-0024 By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

May 7, 2015 Read More →
Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

Report – No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity

No Need for New U.S. Coal Ports: Data Shows Oversupply in Capacity (pdf) By Tom Sanzillo, Director of Finance, IEEFA  

November 19, 2014 Read More →
Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

Report: 20 Fourth-Quarter Questions for Powder River Basin Coal Producers

20 Fourth-Quarter Questions for Powder River Basin Coal Producers (pdf) By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis

November 11, 2014 Read More →
Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Memo- Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program

Policy memo: Response to the Department of Interior, Office of Inspector General Audit on Federal Coal Leasing Program June 28, 2013 (pdf)

July 1, 2013 Read More →
IEEFA Report: Almost $30 Billion in Revenues Lost to Taxpayers by ‘Great Giveaway’ of Federally Owned Coal in Powder River Basin

IEEFA Report: Almost $30 Billion in Revenues Lost to Taxpayers by ‘Great Giveaway’ of Federally Owned Coal in Powder River Basin

Almost $30 billion in revenues lost to taxpayers by “giveaway” of federally owned coal in Powder River Basin (pdf) With almost no accountability, BLM failure created boom in electric power industry use of artificially cheap coal from Montana and Wyoming; Next major coal sale set for Thursday   WASHINGTON, D.C. – June 25, 2012 – […]

June 25, 2012 Read More →

More News and Commentary

Wyoming landowners sue state over coal company bonding claims

Casper Star Tribune: A northern Wyoming landowners’ group is suing the state for declining to prove that $27 million in ranchland used as collateral for a coal mine’s cleanup is really worth that much money. The dispute concerns Blackjewel LLC, a relative newcomer to Wyoming coal country. The firm announced that it had acquired Eagle […]

February 11, 2019 Read More →

Solar project proposed next to aging Naughton coal plant in Wyoming

StarTribune: A utility-scale solar farm has been proposed in Wyoming, just next door to the coal-fired power plant that shuttered one of its three coal-burning units Wednesday. Fossil Solar LLC has proposed a 63-megawatt facility outside the town of Kemmerer, with plans to connect that power to the network of transmission serving PacifiCorp’s 56-year-old coal […]

February 4, 2019 Read More →

Wyoming: PacifiCorp closes Unit 3 at Naughton coal plant

Gillette News Record: Operators at PacifiCorp’s Naughton Plant have shut down Unit 3, a giant furnace and electrical generator that consumed 165 tons of coal an hour. Part of the three-unit Naughton Plant outside this town of 2,747, Unit 3’s warren of conveyor belts, robust coal grinder, towering boiler, maze of steam pipes and spinning […]

February 1, 2019 Read More →

Troubled Wyoming coal company to pay executive bonuses early

Casper Star Tribune: Cloud Peak Energy executives won’t have to wait for bonuses from their troubled coal company. The Wyoming firm, one of the state’s largest producers of coal, announced Tuesday that it was ditching gradually-paid retention plans agreed upon in November in favor of lump-sum payments to entice its executive team to stay. Cloud […]

January 30, 2019 Read More →

IEEFA U.S.: A rough week for the American coal industry

Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments

The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]

December 7, 2018 Read More →

After exec bonuses and cuts to worker benefits, U.S. coal miner Cloud Peak weighs sale

Wyoming Public Radio: Cloud Peak Energy, one of the largest coal producers in the country with two mines in Wyoming, announced today it will review strategic alternatives which include a potential sale of the company. The announcement comes after company stock shares hit a 52-week low today at $1.32. That’s nearly half of its value […]

November 14, 2018 Read More →

Wyoming moves forward with self-bonding limits

Casper Star Tribune: Wyoming’s largest coal mines would effectively be banned from self-bonding if the proposed rules that passed an advisory board Wednesday make it through one more round of public input and onto the governor’s desk. At a sparsely attended meeting in Casper, citizen members of the Land Quality Advisory Board voted 4-1 to […]

September 20, 2018 Read More →

Coal companies stalling on new lease applications

Casper Star-Tribune: Coal companies used to grumble about how long it takes to get coal leased from the federal government. That’s no longer the case. Applications to lease nearly 1 billion tons of coal are pending in Wyoming, not because the federal agency tasked with performing environmental analysis is moving slow, but because coal companies […]

September 6, 2018 Read More →

Legal setback for coal industry on federal leases in Montana and Wyoming

Associated Press: A federal judge in Montana has given the Trump administration until late 2019 to analyze reductions to mining in the nation’s most productive coal fields as a way to fight climate change. The order from U.S. District Judge Brian Morris, issued Tuesday, applies to the Powder River Basin of Montana and Wyoming. The […]

August 3, 2018 Read More →

New legal problems for owner of Powder River Basin mines

Casper Star-Tribune: The CEO that obtained Wyoming’s Eagle Butte and Belle Ayr coal mines last year is being sued for alleged unpaid royalties in Appalachia, the second lawsuit that Jeff Hoops’ West Virginia-based company, Revelation Energy, is facing in under a year. Hoops formed Blackjewel LLC, a sister company to Revelation, to take over the […]

July 11, 2018 Read More →